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FHFA Report Finds Little Change in Overall GSE MBS Guarantee Fees, But Movement in Specific Products

December 13, 2018
The FHFA’s annual report underscores the amount of cross-subsidy in g-fee pricing for low-score borrowers, loans with high LTVs and cash-out refinancing.
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Investors Continue to Pay Up for Servicing-Released Premiums. MSR Interest Strong but Declining Rates Starting to Weigh

December 13, 2018
Sellers of residential mortgages that include servicing rights are receiving premium bids these days, a situation that isn’t likely to abate anytime soon.
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Housing Supply Falling Behind Demand, Putting Burden on Borrowers and Limiting Originations

December 13, 2018
An inadequate supply of homes is likely to remain a challenge for potential borrowers and lenders for many years to come, according to analysts at Freddie Mac.
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An Adverse Court Ruling in Closely Watched Case Could Increase Servicer Liability Under FDCPA

December 13, 2018
Mortgage servicers are waiting anxiously for a U.S. Supreme Court ruling on whether the Fair Debt Collection Practices Act applies to non-judicial foreclosures.
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Short Takes: Headed Into Receivership: Fannie and Freddie? / Politically Pragmatic / No Life in the Common / Coming Soon: A Platform Closure at Ocwen / A New 52-Week Low

December 13, 2018
Paul Muolo
Federal Financial Analytics calculates the trigger will be pulled by mid-2019.
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California Judge Tosses Class-Action Lawsuit Against Caliber Home Loans over Data Breach

December 13, 2018
A California court last month dismissed a borrower’s attempt to bring a class-action lawsuit against Caliber Home Loans over a security breach at the nonbank lender in early 2017.
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Study Shows Negative Equity the Most Important Harbinger of Default Rates

December 13, 2018
Negative equity – or even just the perception of it – is the most important determinant of default rates, according to a recent study by Collateral Analytics.
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It’s Official: Trump Picks GSE Critic Mark Calabria to Head the FHFA

December 12, 2018
Paul Muolo
The nomination had been expected for several weeks now and paves the way – quite possibly –for limitations on GSE pilot programs, loan parameters and secondary market liquidity.
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It’s LO ‘Recruiting Season’ and That Means What?

December 12, 2018
Paul Muolo
It stands to reason that with production declining mortgage firms might have the upper hand over their sales personnel, but it’s never that simple...
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Cost-Benefit Analysis Likely Focus of New CFPB Leadership

December 12, 2018
Yemeng Yang
The annual salary for the assistant director to head the office of cost-benefit analysis is between $200,595 and $247,500.
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